Global Prime Office Rents Report

2019 ias preliminary exam test series

CBRE has released the Global Prime Office Rents report. The semiannual report provides a snapshot of prime office rents in 121 markets tracked by CBRE Research. It identifies key trends at the top end of the office market that drive increases or decreases in rent.

With annual prime rent of $264.27 per sq ft, Hong Kong (Central) is the world’s most expensive office Market.

Beijing (Finance Street) and Hong Kong (Kowloon) are placed at 2nd and 3rd positions, respectively.

Beijing (CBD) is ranked 4th in the list, followed by London (West End), New York (Midtown Manhattan), Tokyo (Marunouchi/Otemachi), Sanghai (Pudong).

Moscow is at the 10th place.

Delhi’s Connaught Place is the world’s 9th most expensive office location with annual prime rent of $105.71 per sq ft.

Mumbai’s Bandra Kurla Complex (BKC) is at 19th position while the central business district (CBD) of Nariman Point is at 30th place.

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